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Case from journal
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Reference no. NAC1608
Published by: NACRA - North American Case Research Association
Published in: "The Case Research Journal", 1996
Length: 10 pages
Data source: Field research

Abstract

NFPA (National Financial Planners Association) was formed to promote the financial planning industry and exchange ideas and information among its members. NFPA decided to hire Program Management, Inc (PMI), to manage the association. In 1990, NFPA hired Dan Crosby as Executive Director to guide long-term growth. After observing NFPA''s tight cash position and the small surplus from revenues of the national meeting, Crosby''s suspicions are aroused. He discovers that PMI is altering the invoices from vendors to collect more from NFPA. Crosby estimates that PMI has diverted $100,000 to $200,000. He wonders how to proceed.

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Abstract

NFPA (National Financial Planners Association) was formed to promote the financial planning industry and exchange ideas and information among its members. NFPA decided to hire Program Management, Inc (PMI), to manage the association. In 1990, NFPA hired Dan Crosby as Executive Director to guide long-term growth. After observing NFPA''s tight cash position and the small surplus from revenues of the national meeting, Crosby''s suspicions are aroused. He discovers that PMI is altering the invoices from vendors to collect more from NFPA. Crosby estimates that PMI has diverted $100,000 to $200,000. He wonders how to proceed.

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